Dark Forest Capital Management LP purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,270 shares of the company's stock, valued at approximately $828,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Retirement Systems of Alabama increased its stake in shares of US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock valued at $21,462,000 after acquiring an additional 17,897 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in US Foods during the fourth quarter valued at about $357,000. Longbow Finance SA acquired a new stake in US Foods during the fourth quarter worth about $9,001,000. Avantax Advisory Services Inc. increased its position in US Foods by 121.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after purchasing an additional 6,108 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in US Foods during the fourth quarter worth approximately $413,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Morgan Stanley increased their target price on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. UBS Group increased their target price on shares of US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Truist Financial lifted their target price on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $71.83.
Check Out Our Latest Research Report on US Foods
US Foods Stock Up 0.7 %
NYSE USFD traded up $0.43 during trading on Tuesday, reaching $65.20. The company's stock had a trading volume of 1,340,715 shares, compared to its average volume of 1,981,625. The business has a 50-day moving average price of $65.44 and a 200-day moving average price of $66.78. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $73.19. The stock has a market capitalization of $15.03 billion, a PE ratio of 32.26, a PEG ratio of 1.03 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.
US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director David W. Bullock bought 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the transaction, the director now directly owns 4,500 shares of the company's stock, valued at $319,770. This represents a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.
US Foods Profile
(
Free Report)
US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.
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